VICI expands Alberta casino portfolio in $144M deal.
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VICI expands Alberta casino portfolio in $144M deal. VICI expands Alberta casino portfolio in $144M deal vanja mitic march 31, 2026 latest Casino and gambling news. VICI Properties has reached an agreement to acquire a group of gaming and hospitality assets in Alberta, Canada, as part of a broader transaction linked to the privatization of Gamehost. The deal, valued at approximately CAD$200.6 million (USD$144.4 million), includes the real estate of Deerfoot Inn & Casino, Great Northern Casino, and two hotels located near the Grande Prairie property. The acquisition will integrate these assets into VICI's existing lease arrangement with Pure Casino Entertainment Limited Partnership, further strengthening the company's footprint in the Canadian gaming sector. Portfolio addition tied to Gamehost transaction. The real estate purchase is connected to Pure Casino Entertainment's planned take-private acquisition of Gamehost, a Toronto-listed operator with a portfolio of casino properties in Alberta. Once the deal closes, the acquired properties will become part of the existing triple-net master lease between VICI and PURE. Under the updated lease structure, annual rent will increase by CAD$16.1 million (USD$11.6 million), reflecting an acquisition capitalization rate of 8.0%. The agreement outlines a structured escalation schedule, beginning with a 1.0% rent increase after...
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